Fidelity Management & Research

AI research company building artificial general intelligence, creator of ChatGPT, GPT-4, DALL-E, and the OpenAI API platform.

AI safety company and maker of Claude AI models

Artificial intelligence company founded by Elon Musk that builds large language models and the Grok chatbot, with the mission to understand the true nature of the universe.

Autonomous driving technology company, formerly the Google self-driving car project.

Data and AI company that provides a unified analytics platform built on Apache Spark, enabling data engineering, data science, and machine learning at scale.

Global ride-hailing, food delivery, and freight technology platform operating in over 70 countries, connecting riders with drivers and eaters with restaurants through its app.

Aerospace manufacturer and space transportation company designing, manufacturing, and launching advanced rockets and spacecraft with the goal of enabling human life on Mars.

Electric vehicle manufacturer producing the R1T pickup truck, R1S SUV, and commercial delivery vans for Amazon. Founded in 2009, Rivian went public in November 2021 in one of the largest IPOs in US history. Operates manufacturing in Normal, Illinois with a second plant planned in Georgia.

Chinese technology company and parent of TikTok, operating a portfolio of content platforms powered by AI-driven recommendation algorithms.

Online payment processing and financial infrastructure platform

Anduril Industries is a defense technology company building autonomous systems, AI software, and sensor hardware for military and national security applications. Founded by Oculus VR creator Palmer Luckey and former Palantir employees, the company builds products including autonomous drones, surveillance towers, underwater vehicles, and the Lattice AI platform that integrates sensors and effectors into a unified command-and-control system.

Lyft is a ride-sharing and transportation company offering on-demand rides, bikes, scooters, and transit information through its mobile app. Founded as Zimride in 2007 and relaunched as Lyft in 2012, the company operates across the United States and Canada, serving approximately 95% of the U.S. population.

Magic Leap is an augmented reality company that develops lightweight wearable devices for spatial computing. The company builds AR headsets that overlay digital content onto the physical world, initially targeting consumers before pivoting to enterprise use cases.

Specialized cloud infrastructure provider purpose-built for GPU-accelerated workloads. Operates large-scale data centers optimized for AI model training and inference, serving as a key compute partner for frontier AI labs.

Online marketplace for short-term lodging and experiences

AI hardware company that builds the world's largest chip (WSE) for training and inference of large AI models.

Camera and social media company behind Snapchat, the visual messaging app with disappearing messages, Stories, augmented reality Lenses, and Snap Map, reaching over 800 million monthly active users.

On-demand food delivery platform connecting consumers with local restaurants and stores, operating as the largest food delivery service in the United States with over 56% market share.

Swedish audio streaming and media service founded in 2006, offering music, podcasts, and audiobooks to over 750 million monthly active users across 184 markets, making it the world's largest music streaming platform.

Zipline designs, manufactures, and operates autonomous delivery drones, running the world's largest commercial autonomous logistics network. The company began delivering blood and medical supplies to remote clinics in Rwanda in 2016 and has expanded to seven countries and consumer deliveries with partners like Walmart. Zipline has completed over 2 million commercial drone deliveries.

Indian social commerce and e-commerce platform enabling small businesses, individual entrepreneurs, and resellers to sell products online through social channels. Originally a reseller network connecting suppliers with micro-entrepreneurs, evolved into a full consumer marketplace with 234 million annual transacting users.

Affirm is a financial technology company that provides buy now, pay later (BNPL) services, offering consumers transparent installment payment options at the point of sale. Founded by PayPal co-founder Max Levchin, it is the largest U.S.-based BNPL platform.

Visual discovery and bookmarking platform where users find and save ideas for recipes, home decor, fashion, travel, and more through image-based 'Pins' organized on boards, serving over 450 million monthly active users.

Electric scooter and micromobility company that pioneered shared dockless electric scooters in cities. Bird deployed fleets of app-unlocked e-scooters and e-bikes across hundreds of cities globally. Became the fastest company in history to reach a $1B valuation. After going public via SPAC in 2021, filed Chapter 11 bankruptcy in December 2023. Assets sold to Third Lane Mobility in April 2024.

Biotech company developing AI-powered multiomics blood tests for early cancer detection. Its platform analyzes cell-free DNA, methylation patterns, and protein biomarkers from routine blood draws to screen for cancers in their earliest stages. Lead product SimpleScreen targets FDA approval for colorectal cancer screening.

Social news aggregation and discussion platform where users submit, vote on, and discuss content across millions of community-driven forums called subreddits.

Fintech infrastructure company that builds data connectivity tools to power the apps in people's financial lives, providing APIs to connect applications with users' bank accounts.

World Labs is a spatial intelligence AI company building Large World Models that can perceive, generate, reason about, and interact with 3D environments. Founded by AI pioneer Fei-Fei Li, its flagship product Marble enables users to create high-fidelity, persistent 3D worlds from images, video, or text prompts.

Applied Intuition is a vehicle software supplier that builds simulation, validation, and development tools for autonomous driving and ADAS. The company serves 18 of the top 20 global automakers and has expanded from pure simulation into a full autonomy stack, incorporating generative AI capabilities for automotive, trucking, mining, agriculture, and defense industries.

Nuclear fusion company commercializing fusion-based technologies through a phased strategy: industrial testing (FLARE neutron source), medical isotopes (Lu-177 for cancer therapy, Mo-99 for diagnostics), nuclear waste recycling, and ultimately fusion energy. The Cassiopeia facility in Janesville, WI is the largest n.c.a. Lu-177 production facility in North America (200,000 doses/year capacity). Achieved first-ever visible Cherenkov radiation produced by fusion in 2023.

Zynga was a social game developer and operator known for creating some of the most popular games on Facebook and mobile platforms, including FarmVille, Words With Friends, and Zynga Poker. The company pioneered free-to-play social gaming and became one of the largest game developers in the world before being acquired by Take-Two Interactive in 2022.

Communication platform for communities and friends, offering voice, video, and text chat used by hundreds of millions of people worldwide.

Lime is the world's largest shared electric vehicle company, providing electric scooter, e-bike, and e-moped rentals in over 280 cities across nearly 30 countries. The company reported $686 million in revenue for 2024 and has been free cash flow positive for two consecutive years.

Candid Therapeutics is a clinical-stage biotechnology company developing novel T-cell engager antibodies to treat autoimmune and inflammatory diseases. The company's platform redirects T-cells to selectively eliminate autoreactive B-cells, with clinical programs spanning five autoimmune indications. Founded by Ken Song after his $4.1B sale of RayzeBio to Bristol Myers Squibb.

AI research company building generative AI tools for video, image, and multimedia content creation. Develops foundation models for video generation including its Gen series of models, and is expanding into world models that simulate physics-aware environments.

Astranis builds small geostationary broadband satellites (MicroGEO) that are roughly 1/20th the size of traditional GEO spacecraft, drastically reducing manufacturing and launch costs. The company operates the satellites it builds and leases dedicated capacity to telecom and internet service providers, connecting underserved regions worldwide.

Collaborative interface design tool that runs in the browser, enabling real-time multiplayer editing for design teams.

Cloud-based payroll, benefits, and HR platform for small and medium businesses, serving over 400,000 companies. Originally launched as ZenPayroll in 2012 before rebranding to Gusto in 2015.

AI-powered background check platform that modernizes the hiring process for companies of all sizes, serving over 100,000 customers including Uber, DoorDash, and Instacart.

Aviation technology company building SkyOS, a universal operating system for flight that makes any aircraft safer and simpler to fly.

Search-as-a-service platform that provides hosted APIs enabling developers to build fast, relevant search and discovery experiences across websites and applications.

Cloud communications platform that provides programmable APIs for voice, SMS, video, and email, enabling developers to embed communication capabilities directly into their applications. Twilio powers customer engagement for hundreds of thousands of businesses worldwide.

Web infrastructure and security company providing content delivery network, DDoS mitigation, Internet security, and distributed DNS services, helping to build a faster, more secure internet for millions of websites and applications.

Spatial data company that turns physical spaces into accurate, immersive 3D digital twins, combining hardware, software, and AI for real estate, construction, and insurance industries.